ORS 264.250
Authority to borrow money and issue general obligation bonds

  • place of payment

(1)

For the purpose of carrying into effect all or any powers granted by this chapter, the district, when authorized at any properly called election held for that purpose, may borrow money and sell and dispose of general obligation bonds. Except as otherwise provided by this section, the bonds shall never exceed in the aggregate two and one-half percent of the real market value of all taxable property within the boundaries of the district, computed in accordance with ORS 308.207 (Computation of real market value for taxing or bonding limitations).

(2)

The bonds shall be issued from time to time by the board of commissioners in behalf of the district as authorized by the electors. The bonds shall mature serially within not to exceed 30 years from issue date, and shall bear such rate of interest, payable semiannually, as the board shall determine. The bonds shall be so conditioned that the district agrees to pay to the bearer, at a place named, the principal sum of the bonds with interest at the rate named, payable semiannually in accordance with the tenor and terms of the interest coupons attached.

(3)

If the district has within its boundaries a population of 300 or over, it may issue bonds in an amount that does not exceed in the aggregate 10 percent of the real market value referred to in subsection (1) of this section.

(4)

For the purpose of providing additional security for the payment of the principal and interest on general obligation bonds issued under this section, the district may, by resolution of its board, pledge all or any part of the net revenue of its water system as provided in ORS chapter 287A. [Amended by 1963 c.9 §6; 1963 c.318 §1; 1969 c.666 §14; 1969 c.694 §4; 1971 c.36 §1; 1977 c.188 §2; 1981 c.94 §14; 1983 c.347 §18; 1991 c.459 §358; 2001 c.215 §2; 2003 c.802 §83; 2009 c.538 §1]

Source: Section 264.250 — Authority to borrow money and issue general obligation bonds; place of payment, https://www.­oregonlegislature.­gov/bills_laws/ors/ors264.­html.

264.010
Definitions
264.015
Application of ORS chapter 255
264.110
Formation of domestic water supply district
264.114
Annexation where water supply affected by wildfire emergency
264.210
General powers of district
264.220
Disposal of taxes levied when organization declared invalid
264.240
Eminent domain authority
264.250
Authority to borrow money and issue general obligation bonds
264.260
Issuance of revenue bonds
264.270
Issuance of refunding bonds
264.280
Bond sale procedure
264.300
Tax assessment, levy and collection
264.306
Regulations concerning use of water and district property
264.308
Requiring cash deposits of water users
264.310
Rates for water furnished
264.312
Increasing water rates
264.314
Shutting off water if delinquent in payment of water bill
264.320
Refund of cost of water main extension
264.330
Hydrants for fire protection
264.335
Authority to exercise powers of sanitary district
264.336
Exercise of sanitary district powers in territory covered by 2020 major disaster declaration related to wildfires
264.340
Purchase and maintenance of fire equipment
264.342
Adoption of fire prevention code
264.344
Scope of fire prevention code
264.346
Violation of code or failure to remove hazards prohibited
264.348
Copies of code to be filed with Department of State Fire Marshal and posted at fire stations
264.349
Revoking authority to furnish fire protection services
264.350
Street lighting system
264.352
Drainage work
264.360
Cooperative agreements
264.362
Initiation of proceedings
264.364
Board action on report
264.366
Declaration of intention
264.368
Manner of doing work
264.370
Hearing
264.372
Methods of assessment
264.374
Appeal from assessment
264.376
Notice of assessment
264.378
Assessment lien records
264.380
Errors in assessment calculations
264.382
Deficit assessment
264.384
Excess assessment
264.386
Abandonment of proceedings
264.388
Guides in testing validity of proceedings
264.390
Reassessment
264.394
Enforcement of assessment lien
264.410
Board
264.417
Position numbers for commissioners
264.420
Calling of special elections
264.430
Proceedings of board
264.470
Deposit and withdrawal of moneys
264.480
Board of commissioners after merger or consolidation
264.505
Agreement to supply additional water prior to approval of annexation petition
264.540
Fire hydrants in city joined or annexed to district
264.550
Contracts between district and city joined or annexed to district
264.560
Permissible services
264.810
Employees’ retirement system authorized
264.820
Budgeting for retirement system
264.830
Employee contributions
264.840
Limitation on membership
264.875
Assumption of debts and obligations of district upon dissolution
264.990
Penalties
Green check means up to date. Up to date